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The European Union is getting “profoundly mixed messages” from the
Ukrainian government about whether it will sign a free trade deal,
Swedish Foreign Minister Carl Bildt told CNN’s Christiane Amanpour on Monday.

Tuesday, 17 September 2013Iceland/Image from Granscole
Almost every body knows that Iceland and its capital city, Reykjavik is
a wonderful place, but it has remained questionable as to how many
people have really been there? However, Business Insider has sent
someone there and he has this story to tell and these pictures to show.
Check this out

Friday, 20 December 2013
This week, Norwegian, the third largest budget airline in
Europe, expanded its reach into the U.S. market with a new route from New York
to Bergen, "the gateway to the fjords of Norway,” writes the Business Insider

Thursday, 19 December 2013
The Election Committee of the Swedish clothing giant, H&M announces
that it has proposes that Lena Patriksson Keller and Niklas Zennström
be elected as new members of the Board of Directors.

Thursday, 19 December 2013
The Swedish – British pharmaceutical firm, AstraZeneca has agreed
to buy Bristol-Myers Squibb's stake in the companies' diabetes
joint venture for up to $4.1 billion in a deal that will help return
the group to growth, sending its shares to a new high.

Friday, 29 November 2013
Swedish / Finnish telecoms company, TeliaSonara has decided to dismiss
some core executives also known as “absolute elite”. Four people were
forced out, including vice president and CFO Per-Arne Blomquist.

Mon, 25th November 2013
Energy company, Vattenfall has mandated Morgan Stanley to organise the
sale of a British wind park as the Swedish utility scales back outside
its domestic market, two people familiar with the matter said - Reuters

Sunday, 17 November 2013
Music streaming site, Spotify is now expanding at a furious pace to
take the position as the world's largest service for streamed music.
The Swedish company, however, faces intense challenge from the American
giants like Google and Apple.

Thursday, 14 November 2013
Swedish banking giant, Swedbank announces some managerial appointments.
Anna Felländer, previously head of Macro Research, has been appointed
Chief Economist and Olof Manner has been recruited as head of Macro
Research at Swedbank.

Wednesday, 13 November 2013
Loomis, the company that carry out distribution, handling and recycling
of cash for banks, retailers and other commercial companies via various
international networks has announced some change in its management team.

Monday, 11 November 2013
Niklas Zennström's venture capital firm Atomico has attracted new
billion. The company's third fund has just been closed, after securing
$ 477 million, equivalent to Skr3.1 billion in capital.

Friday, 08 November 2013
Aerocrine AB (OMX Nordic Exchange: AERO) today announced that the
British institution, NICE has this week has published draft
guidelines recommending the use of Aerocrine’s NIOX MINO®and NIOX VERO®
to guide the diagnosis and treatment of a type of asthma caused by
airway inflammation.

Tuesday, 05 November 2013
The number of corporate bankruptcies in Sweden reached 589 in October,
representing a slight decrease compared to the same month in 2012 and
which suggest that the Swedish business environment continues to
improve.

Finland's
biggest company has issued its third-quarter results, the last such
statement before the buyout of its trademark handset division.
According to reports from Yle in Fibnland, analysts are studying the
results for clues to how the new post-phone Nokia will invest the cash
from the deal. More from Yle Finland

Thursday, 24 October 2013
Cost of delayed to passengers and rental of replacement planes has now
been accounted and shows that the cost to Norwegian, the budget
airliner as a result of failure to its Dreamliner project has been
higher than expected.

Thursday, 24 October 2013
Danish industrial giant, AP Moller-Maersk Group is prepared to off load
some of its supermarket portfolios such as Netto, Føtex and Bilka. If a
suitable buyer interested in taking the stores is found.

Thursday, 24 October 2013
Ericsson's profitability has failed to lift expectation as was reported
on Tuesday. At the same time the telecom company's turnover fell
as
"The sale is under some pressure," says CEO Hans Vestberg.

Thursday, 24 October 2013
The Swedish banking group SEB's operating profit of Skr4 618 million
for the third quarter of 2013. That compares with profit of Skr3.857
million corresponding period in 2012.

Wednesday, 23 October 2013
Swedish bank, Handelsbanken reported operating income for the third
quarter of 2013 of Skr4.571 million. That compares with profit of Skr
4.289 million corresponding period in 2012.

Thursday, 17 October 2013
Swedish-Finnish telecommunications operator, TeliaSonera reports a
profit before tax of Skr6.378 billion for the third quarter. That
compares with profit of Skr5.785 billion kronor a year ago. Read more
from Bloomberg News

Thursday, 17 October 2013
Atlas Copco, announced that it has purchased the operational assets of
Archer Underbalanced Services, a leading service provider of
down-the-hole hammers, drill bits and compressed air packages to U.S.
land-based oil and gas drilling companies.

Thursday, 17 October 2013Volvo
Along with the world's first plug-in diesel hybrid, the Volvo V60
Plug-In Hybrid, Volvo also debuted what might be the world's most
beautiful electric car charger at an event in Milan, Italy, reports New York daily News.

About the suspension of new news and reports updates

We have received lots for complaints and request explanation as to
why we stopped continues new updates. I explain below the reasons why
we have not been on air for a while now.

Scandinavian Companies and Market (Scancomark.com) suspended
updating since January 2014 because stresses in our logistics. We
lacked the tools needed to create the world class business news website
that the market craved and given various complexities in the
Scandinavian fort a small start-up where the small business
entrepreneur has limited connections or comes from a less thrilling
background, it has been hard to take off. So, rather than pretending to
be doing fine when in real life that was not the case, we had to
suspend operations.

As resources are needed to invest in the best inputs we fell short and
hope that we would bounce back some time in the future with a better
operating platform than before. For the main the archive is still open
for past news and comments are still welcome.

Thursday, 19 December 2013
The Swedish far right party, Sweden Democrats has reached a new record
level of 10.4 percent, up 1 percentage point, in the new opinion poll
in Sweden conducted by polling organisation, Novus voter for TV4.

Thursday, 19 December 2013
Finland's finance ministry expects the country’s recession in 2013 will
be deeper than previously feared. The country's GDP is now projected to
decline by 1.2 percent this year, against the previous forecast of
minus 0.5 percent.

Brazil is reported to have confirms that it will buy 36 Gripen fighter
jets from the Swedish defence manufacturer Saab. Media reports hold
that it was confirmed by the country's government on Wednesday evening.
The deal was announced at a press conference in Brazil at 20 hours on
Wednesday evening, Swedish time.

Tuesday, 17 December 2013Swedish Television
The American newspaper, The Washington Post has classed the selfie
taken by Danish premier, Halle Thorning-Schmidt with USA president
Barack Obama and British Premier David Cameron at the memorial service
for Nelson Mandela as the sixth best political picture of the year 2013.

Tuesday, 17 December 2013
The percentage of managers of Swedish companies who believe that Stefan
Löfven, head of the Swedish opposition party, Social Democrats, will
head the government after the elections next fall has risen sharply, an
new poll show.

Tuesday, 17 December 2013
Madeleine Sjöstedt of the people’s party working as the vice mayor for
culture and property of Stockholm country is being investigated for
bribery after traveling to the U.S. with the entertainment company
Anschutz Entertainment Group, AEG.

Swedish central bank, the Riksbank cut its repo rate by 0.25 percentage
points. That is the repo rate is cut by 0.25 percentage points to 0.75
per cent as the Riksbank Governor, Stefan Ingves came under the
pressure to stem the persistently low inflation figures.

Tuesday, 03 December 2013
Swedish pupils performances in key areas of academic development
continues to get worse when compared to other those from other
countries, the international school testing system, Pisa report on
Tuesday.

Tuesday, 03 December 2013
The Sweden Democrats Party, the evolving far right party that wants to
take full political control in Sweden and as a result to cleanse Sweden
of anything not “Swedish” has been growing thanks to it finding weak
spots within the Conservatives Moderate party and biting from.

Monday, 02 December 2013
Swedish health care has dropped five places since last year, according
to a new comparison in a European health index. It now stands 11th
place since 2013 thereby making Sweden the worst in the Nordic region.

Monday, 25 November 2013
It is not new news that the unemployment and access to career
opportunities is still higher among Swedish residents or citizens with
foreign background than among Swedish-born. But a new number crunching
shows that there seems to be a headwind toward a shift.

Wikipedia
Military equipment manufacturer Saab is now trying to break into the
growing multi-billion dollar market for unmanned aerial vehicles, known
as drones. As the market for these unmanned systems look to expand,
Swedish media sources reports that Saab has already gone deeper into
the market for the product.

Monday, 25 November 2013
One reason why some countries are coiling in opening their borders to
the Syrian refugees is to avoid what is emerging as happening to
refugees flocking to Sweden. As Sweden opens it borders to scores of
Syrians, it has emerged that some pays as much Skr 72,000 and teh price
to move to Sweden explodes.

Friday, 22 November 2013Image: Euro Jews
Annika Hernroth-Rothstein was hoping to draw attention to
the problem of anti-Semitism in Sweden when she applied for political asylum in
her own country- Sweden. Her asylum’ request is said to focus attention on
anti-Semitism in Sweden. Details from The Global Jewish News Source

The
cold claims more lives in Britain than in Sweden, where temperatures
regularly plunge as low as -30C (-22F) in winter, campaigners say.
Which economy is managed for the people and which is managed for big
companies? Read more from Metro

Wednesday, 20 November 2013
All what the Swedish tax authority have done in properly managing the
Swedish tax system seem to be bearing fruits. Latest reports hold that
tax evasion among Swedish companies and Swedish entrepreneurs have
decreased in the past years.

Wednesday, 20 November 2013
Oil and gas company, Statoil is being sued for discrimination after it
emerged that the petrol company denied Romani customers access to car
rental services. The Swedish Equality Ombudsman has decided to pursue
the case.

Wednesday, 20 November 2013
Back to the 60s in the USA and Apartheid South Africa, Sweden is living
the dream of cleansing night clubs and pubs of Poles, Iraqis and
Niggers or Gypsies and most managers continue to dream of maintaining a
"white only" night club policy.

Tuesday, 19 November 2013
The recession looks like continuing in the Swedish economy even though
in the shadow of a sluggish growth abroad, the prerequisites for the
Swedish economy to lift seriously its growth seem to be lagging.

Tuesday, 19 November 2013
When it emerged that the American organisation NSA was spying on our
emails and listening to our phone calls, there was this emotional
explosion of condemnation in places such as Sweden. But the Swedish
security authorities love the America approach and want to make similar
Swedish go main stream.

Monday, 18 November 2013Leif Pagrotsky/ Granscole
The Swedish Social Democrat which is poised to take over office and
form the next government if opinion polls stand as they are now, is
getting ready to scare the banks.

The leader of the Sweden Democrats Jimmie Åkesson is prepared to
tone down the party's focus on immigration, to avoid being isolated
ahead of next year's election, according to an interview in the daily
Svenska Dagbladet. Police to investigate SD politicians.

Sunday, 17 November 2013
Labour Unions are supposed to be organisations that support workers and
commune with them against the stresses of unscrupulous bosses and a
government that will do anything to remove better working conditions.
But in Sweden the trend emerging is different. The biggest labour union
in the country LO houses surprisingly the large amount of far right
sympathisers making the racial position in the country more
complicate.

Thursday, 14 November 2013
How a growing number of young entrepreneurs are bringing a new 24-hour
working culture to Oslo, Norway defying the country’s strict labour
laws. The hunger for competitiveness and creativity is there despite an
economy dominated by oil. Read more from the BBC

Thursday, 14 November 2013
There is now indication that the Swedish jobs market is beginning to
heal. Latest data from Swedish statistic office Statistic Sweden (SCB)
show an increase in the number of people in employment.

Wednesday, 13 November 2013
Swedish far right party, Sweden Democrats is in another very choppy
water after a deputy party leader, had threatened to deport 500,000
"parasites" immigrants from Sweden. He had made his intensions clear on
a community radio program.

Tuesday, 12 November 2013
With 332 giant stores in 38 countries and plans for rapid expansion,
the 70-year-old Swedish brand is just that much cheaper,
better-looking, and more efficient than most competitors — even if its
products will fall apart if they take much abuse. These are some key
facts about Ikea put together by Business Insider

Tuesday, 12 November 2013
Yet another study about the value of immigrants in Sweden in relations to their business community - to determine
their usefulness for the business world - a company that employs an immigrant has a chance to improve exports.

The Chinese are showing their love for Sweden and the Nordic region by
travelling here in massive numbers. New reports hold that the Chinese
are flocking here in their numbers for various reasons including the
ability to breathe clean air.

Monday, 11 November 2013
One driver is that the Danes visit their banks on line around the
clock. For the first time ever Danes use more mobile banking serves
than through a computer when they go online for banking, according to
new figures from a study from Danish banks’s IT service.

Monday, 11 November 2013
Swedish capital Stockholm is in housing crisis mood and this is well
known. But what is not yet known until. According to media reports, it
now been determined that the cost to the economy of housing shortages
in Stockholm will cost Skr21 billion a year in lost growth over the
next 20 years.

Sunday, 10 November 2013
The Danes have been characterised as the most indebted people in the
world, live through long, dark winters and have a shorter life
expectancy than several Mediterranean countries. But despite all these,
the Danes have succeeded to remain the happiest people on earth,
reports News 24.

Sunday, 10 November 2013The
success of the music streaming business, Spotify and its entrepreneur
founder Daniel Ek has emerged recently in a love hate relation with the
music community. The Guardian newspaper
is writing about how record labels have been told by the Swedish
entrepreneurs that the best way to survive is to give everything away
for free. Most have signed up – but many are yet to be convinced.
Continue reading

Sunday, 10 November 2013
That Volvocars has had it tough in the Chinese market is nothing new
according to past news reports but there seem to be a strategy on the
way for the Chinese owned Swedish brand to finally break into the
Chinese auto market and really get big.

Friday, 08 November 2013
The leader of the Swedish opposition, Stefan Löfven seem to be getting
too clever for the Swedish prime minister’s liking - when he said that
he wants to form a government if his party is to form a majority
government, - to be open to all but for the far rights Sweden
Democrats.

Friday, 08 November 2013
The leader of the Swedish Social Democratic, Stefan Löfven has provides
some answers to how he imagines a future government would look like
after the parliamentary elections in 2014, if they have to form a
majority government.

Friday, 08 November 2013
Only one in four farmers in Sweden sees the possibility of making real
profitability in 2013, according to a report from the consulting firm
LRF Konsult which also give the impression that that this is bad year
for farmers.

Monday, 04 November 2013
Swedish research feel that Laser could be the next new thing to use to
cure Alzheimer and Parkinson and may other brain related diseases.There
are scientists from Chalmers University in Gothenburg who strongly feel
that such a feat is a possibility.

Monday, 04 November 2013
Swedish Prime Minister, Fredrik Reinfeldt (Pictured) and head of the governing
Moderate party has seen his confidence among Swedish people fallen to a
very new low. Figure for the five years tracking of Mr Reinfeldt’s
likability shows in a new survey has fallen to a new low.

Sunday, 03 November 2013
Swedish far right party, Sweden Democrat is now the third largest party
in the country according to the recent opinion poll also known as poll
of polls This comes a time when it also show that the Swedish voting
population is growing greyer by the day.

Sunday, 03 November 2013
Sweden has been in most cases known for all that is supposed to be the
envy of any society. Its generous maternity and paternity leave,
affordable childcare and child-centric society, among others. However,
based on a new book so much focus on children may in fact have helped
derail Swedish kids with huge consequences for the society, writes the Independent

Friday, 01 November 2013Granscole
Sweden has persistently been accused of being a generous welfare state
characterised by high taxes and generous hand-outs but one questing
which has remain in answered is why does this country still maintain
its as leader in things like competitiveness, and many billionaires?
Slate Magazine might have the answered – read more

Friday, 01 November 2013Economist
The Swedish education minister, Jan Bjorklund is bracing for harsh
reaction next week when the marks of Swedish student performance will
land on his desk. The new results from the Programme for
International Student Assessment (PISA) will show that Swedish students
continue to perform poorly when compared to their peers in other
countries, report the Economist.

Wednesday, 30 October 2013
One immediate observation from the aftermath of the hurricane that hit
Sweden last Monday is that there are still some 9,200 household
mostly of Eons customers in southern Sweden without power.

Wednesday, 30 October 2013
Much has and is being said about the nature of education is these days
as higher education get more expensive but it looks like the reward
promise of good jobs and pays seem to be a myth. While some camps are
totally repudiating the idea of encouraging university education,
others are saying that it depends on the course studied. So which
education course(s) are more financially rewarding in the long run?

Wednesday, 30 October 2013
Security vulnerabilities in a server meant that within a period of
eight months, three million patient records in Sweden were left
completely unprotected. And there are traces of intrusions in the
computer systems which mean the records might have been compromised.

Monday, 28 October 2013
The Swedish tiger economy - something many hyper positive Swedish
looking analysts are not talking about again, weathered the financial
crisis better than many other countries and this has meant that Sweden
has been a fantastic market for foreign investors. But now there is a
warning out in the Swedish media sources that the end of the party is
very close.

Monday, 28 October 2013
The Swedish government and the leading opposition party, the Social
Democrats are agreeing that the Swedish private school system is not
working as expected. Schools have been failing in providing quality
education to the level expected and have been
putting profiteering ahead of quality education.

Monday, 28 October 2013BBC
The number of new arrivals of Syrian refugees to Swedish processing
centre has risen dramatically since the beginning of last month, when
the Swedish authorities announced that Syrians seeking asylum would be
granted permanent residency. Read more and watch the documentary from
this BBC link

Monday, 28 October 2013
Efficient management in Swedish care delivery centres is struggling and
it not very clear whether the strategy is money saving by cutting
services or just lack of money to invest in frontline services.

Wednesday, 23 October 2013
After Sweden granted permanent residency to some Syrians recently, the
country has become a magnet to refugee. The mount of asylum seekers
flocking here has been described as the highest number ever seen since
the Balkan war.

Wednesday, 23 October 2013
Truck manufacturer Scania reported operating income of Skr1.968 million
for the third quarter of 2013. Revenues for the quarter were Skr19.725
million.
Analysts had expected an operating profit of Skr2.033 million and
revenues of Skr20.514 million. More from Bloomberg

Wednesday, 23 October 2013Harvard University / Facebook
Swedish private sector has succeeded under the current government to
penetrate sectors that were previously seen as more welfare – facing.
But various authorities such as the Confederation of Swedish Enterprise
would want to see more foreign “high brand” universities to storm the
Swedish university market.

Tuesday, 22 October 2013
As the humanitarian situation in Syria shift to catastrophic, many aid
organizations in Sweden have targeted fundraisers to assist in stemming
the humanitarian collapse taking place in Syria and the civil war there
remain tense. The aid campaign on going in Sweden aims to continuously
support Syrians displaced in and around Syria and those who moved here
in Sweden

Tuesday, 22 October 2013
Swedish banking group, Swedbank reports an operating profit was
Skr5.191 million in the third quarter compared with expected Skr4.777
million, according to analysts’ consensus survey.

Monday, 21 October 2013
Denmark's defence minister Nicolai Wammen on Monday visited Sweden to
learn more about Jas 39 Gripen, making a sign of U-turn for Denmark, to
show interest in the Swedish fighter jets.

Monday, 21 October 2013
In a very small country in terms of population, everyone is related to
everyone. One fear is that it can be difficult to find a partner that
is out of the family tree. This big problem today in Iceland but
technology is on the way.

Monday, 21 October 2013Sandvik needs need workers to
run machines like this / Granscole
A Swedish municipality, Sandviken has a very high unemployment rate of
about 13 percent. Paradoxically, the municipality's largest company,
mining giant Sandvik, is facing a crisis of labour shortage and
desperately seeking workers.

Sunday, 20 October 2013Swedish Prime Minister, Fredrik
Reinfeldt / Swedish television
The Swedish economy is doing well and all indications suggest that
Sweden is a good country to live in. This is the line the Swedish prime
minister, Fredrik Reinfeldt choose to use as he closed his party
conference in Norrköping on Sunday. He also added that the moderate
party has made Sweden even better.

Sunday, 20 October 2013Radio Sweden
How effective is the Swedish jobs market? Young people are not getting
employment and the government is killing itself giving companies tax
breaks as a means for them to recruit more unemployed and young people.
But it turns out that some companies know how to milk the system. They
just sell their work permits for more benefits plus what they get from
the government.

Sunday, 20 October 2013
The Social Democrat party has tended to attract more lobbyists to their
party congress than
their more business friendly opponents, such as the
Conservatives usually described as a party for business and small
government. The question is why?

Friday, 18 October 2013Granscole
There are already talks of the Swedish housing market overheating.
Reports on Swedish television hold that the temperature of the housing
market in Stockholm in particular has risen to boiling levels.

Friday, 18 October 2013
The number of people registered as Jews in Denmark has fallen by 25 per
cent in the past 15 years, as the explosion of Anti-Semitism lead to
the flight of Jews, according to Finn Schwarz, the president of the
Danish Jewish community, reports JTA, the global Jewish news.